/images/2018/01/23/navina-side-hustle-mid_MPfEDfV.jpg)
/images/2019/12/06/smart_strategies_to_save_money_on_car_insurance.jpg)
/authors/robin_kavanagh_updated.png)
/authors/alicia_hahn.png)
Editor's note:
Capital One and Walmart have announced the end of their consumer credit card partnership agreement, but existing cardholders can continue to use their cards and earn and redeem rewards as usual for now.
The Capital One Walmart Rewards® Card brings together Capital One’s popular rewards program and Walmart to help you earn points while you shop. It's especially useful if you do most of your shopping at Walmart, Walmart.com, or through the retailer's mobile app.
But how does it compare with other cash back rewards credit cards, and is it right for your wallet? In this Capital One Walmart Rewards Card review, we'll look at this card's benefits, drawbacks, and more to help you decide if it's a good option for you.
Great rewards on Walmart purchases
/images/2019/11/06/capital-one-walmart-rewards-mastercard.jpg)
Capital One Walmart Rewards® Card
Current Offer
Earn 5% back on purchases in Walmart stores for the first 12 months when you use this card with Walmart Pay
Annual Fee
$0
Rewards Rate
5% back at Walmart.com, on the Walmart app, and on Walmart pickup and delivery; 2% back in Walmart stores, at Walmart and Murphy USA gas stations, on gift cards at Walmart, and on restaurant and travel purchases; and 1% back on everything else
Who should get the Capital One Walmart Rewards Card?
The Capital One Walmart Rewards Card is best for Walmart shoppers and those who will use Walmart Pay to shop in-store for the first year of having the card, as these purchases get you the most in cashback rewards. This card prioritizes digital use, so if you’re more likely to turn to your phone or computer to shop with Walmart, it could be a smart choice for you.
If you’re also someone who appreciates earning cash back at Walmart, but also wants to earn rewards for using your card elsewhere, the Capital One Walmart Rewards Card might be a good fit. Unlike many other store credit cards, it’s accepted virtually anywhere.
Card basics
| Card type | Cash back |
| Credit card issuer | Capital One |
| Credit card network | Mastercard |
| Annual fee | $0 |
| Intro bonus | Earn 5% back on purchases in Walmart stores for the first 12 months when you use this card with Walmart Pay |
| Reward rate | 5% back at Walmart.com, on the Walmart app, and on Walmart pickup and delivery; 2% back in Walmart stores, at Walmart and Murphy USA gas stations, on gift cards at Walmart, and on restaurant and travel purchases; and 1% back on everything else |
| Recommended credit score | Excellent, Good |
| Foreign transaction fee | None |
Capital One Walmart Rewards Card benefits and perks
- Earn extra points as an early spend bonus: Unlike some other credit cards, this card doesn’t have a large welcome offer, but you can get extra cash back: Earn 5% back on purchases in Walmart stores for the first 12 months when you use this card with Walmart Pay.
- Decent rewards: The Capital One Walmart Rewards Card has a diversified rewards system, offering a number of ways to earn cash back. You’ll earn 5% back at Walmart.com, on the Walmart app, and on Walmart pickup and delivery; 2% back in Walmart stores, at Walmart and Murphy USA gas stations, on gift cards at Walmart, and on restaurant and travel purchases; and 1% back on everything else.
- Flexible redemptions: You have quite a few ways to use your rewards. You can use them during online checkout at Walmart.com, as a credit for recent purchases, statement credits, gift cards, or even travel.
- Travel and shopping perks: This card offers benefits outside of Walmart, too. You’ll have no foreign transaction fees, travel accident insurance, extended warranties on eligible purchases, and even complimentary concierge service if you need help with dining, entertainment, or travel.
Drawbacks to the Capital One Walmart Rewards Card
- Bonus category earnings: While this card does offer generous rewards for your Walmart spending, other cards may offer a higher earnings rate in more general categories like travel and dining.
- No intro APR: Some cards offer 0% intro APR periods for new purchases and balance transfers. These can be useful if you're buying something expensive or want to transfer debt from a card with a higher interest rate. Unfortunately, the Capital One Walmart Rewards Card does not offer this benefit. Cardholders get the regular APR, which varies based on their creditworthiness.
Earning & redeeming cash back with the Capital One Walmart Rewards Card
Potential earnings in years one and two
Here's a look at how your cash back can add up with the Capital One Walmart Rewards Card.
Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.
Year one earnings: $520
Year two earnings: $520
These values are based on the FinanceBuzz Credit Card Rewards Valuation Model which takes a look at cash back earned via spending and the annual fee.
It's important to note that these amounts don't reflect any welcome offer or bonus rewards you'd earn from your Walmart purchases. For instance, if you did all your grocery shopping at your local Walmart and paid with your card, your earnings could increase to $889 in the first year and $538 in the second year.
Best ways to earn
The Capital One Walmart Rewards Card gives cardholders the chance to earn up to 5% back in rewards:
| Categories | Rewards rate |
| Walmart.com, Walmart app, Walmart pickup and delivery | 5% |
| Walmart stores, Walmart and Murphy USA gas stations, on gift cards at Walmart, and restaurant and travel purchases | 2% |
| All other purchases | 1% |
New cardholders can also get additional cash back: Earn 5% back on purchases in Walmart stores for the first 12 months when you use this card with Walmart Pay.
This card places an emphasis on digital use and account management, so online purchases at Walmart.com and using Walmart Pay or Walmart apps will get you the most rewards. Also, taking advantage of the extra rewards during the first year can boost your earnings.
After that, using the card at Walmart stores, while dining out, or for booking travel are likely your best bets for optimal rewards.
Maximizing your redemptions
The Capital One Walmart Rewards Card offers several rewards redemption options, including travel — including flights and hotel stays — gift cards, during online checkout at Walmart.com, statement credits, and more. Your points will never expire as long as your account remains in good standing, and there’s no cap to the rewards you can earn.
Capital One Walmart Rewards Card FAQs
What credit score is needed for a Capital One Walmart Rewards Card?
You’ll likely need fair, good, or excellent credit to be approved for the Walmart Rewards Card.
Capital One also offers another Walmart credit card. If you're not eligible for the Capital One Walmart Rewards Card, you could potentially get approved for its sister card, the Walmart Rewards Card.
Will the Capital One Walmart Rewards Card hurt my credit score?
When you apply for the Walmart Rewards Card, the issuer will do a hard credit pull, which could cause your FICO score to drop by a few points. However, if you pay off your full balance each month on or before the due date, your score could potentially increase as you build a positive payment history.
Can I use my Capital One Walmart Rewards Card for gift cards?
You can use your Capital One Walmart Rewards Card to purchase anything from a retailer that accepts Mastercard. This includes gift cards. You can also redeem your rewards for gift cards through Capital One.
How do you get cash from your Capital One Walmart Rewards Card?
The Capital One Walmart Rewards Card allows you to make cash advances, though they come with a fee and a high APR.
Other cards to consider
If the Capital One Walmart Rewards Card isn't the best credit card for you, these could be better options for your wallet.
Citi Double Cash® Card
The Citi Double Cash® Card card offers users the chance to earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases; plus, a special travel offer, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25. It also has a 0% introductory APR on balance transfers for the first 18 months (then 18.49% - 28.49% (Variable)), which could save you some significant money in interest charges if you have existing credit card debt.
Read our Citi Double Cash Card review.
Chase Freedom Unlimited®
With the Chase Freedom Unlimited®, cardmembers earn 6.5% cash back on travel purchased through Chase Travel℠, 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service and 3% cash back on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, earn 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service and unlimited 1.5% cash back on all other purchases. Plus, this $0-annual-fee credit card offers perks like a 0% introductory APR on purchases for 15 months (then 19.99% - 28.74% Variable) and a generous welcome offer. Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year).
Read our Chase Freedom Unlimited review.
Great rewards on Walmart purchases
Capital One Walmart Rewards® Card
Why We Like It
Earn 5% back on purchases in Walmart stores for the first 12 months when you use this card with Walmart Pay
See how these cards compare:
/images/2023/11/13/citi-double-cash-nov-2023.jpeg)
Citi Double Cash® Card
- Simple flat-rate cash back on all your purchases
- 0% intro APR on balance transfers for 18 months, then 18.49% - 28.49% (Variable) APR
- No annual fee
- Rates and fees
/images/2023/11/14/chase-freedom-unlimited-nov-2023.png)
Chase Freedom Unlimited®
- High base rewards rate of 1.5%
- $0 annual fee
- Valuable welcome bonus for new cardholders
- Intro APR offers for purchases and balance transfers